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Volume 13, Issue 5, 2010-02-10
Obama Outlines Small Business Proposals
Successful SBA programs expanded to increase working capital, help businesses refinance
By Georgia Yoshida
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WASHINGTON – Today in Lanham, Maryland, President Obama proposed the expansion of two critical Small Business Administration (SBA) lending programs, aimed at allowing small businesses to refinance and increasing limits for working capital. These are both legislative proposals designed to help small businesses through what continues to be a difficult period in credit markets.
President Obama said, “The true engine of job creation will always be...
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Volume 13, Issue 4, 2010-02-02
Obama Proposes $1.1B for BLM ...
... To Protect Resources and Manage Uses of Public Lands
By Sherry Foot
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WASHINGTON - With a focus on renewable energy development, climate change adaptation, and other key priorities, President Obama, this week, requested $1.1 billion in appropriations for the Department of the Interior’s Bureau of Land Management in Fiscal Year 2011. This represents an $8.0 million increase from the BLM’s FY 2010 enacted funding level. The President’s request reflects his continuing commitment to be prudent with taxpayer dollars while setting priorities for spending.
“Today’s budget proposal will adva...
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Volume 13, Issue 23, 2010-07-29
Obamacare Comparisons
Canada ... Cuba ... United Kingdom
By Jeff Thredgold, CSP
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Supporters of America’s move toward a government-controlled health care system frequently make reference to similar “successful” programs in other nations. A glimpse at three such national programs seems timely…
Canada
A recent Reuters headline noted, “Soaring Costs Force Canada to Reassess Health Model.” The article notes that with pressure from an aging population and the need to rein in budget deficits, Canada’s provinces are taking tough measures to curb...
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Volume 7, Issue 17, 2004-09-27
October 2004 Land Auction Set
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The next auction of state trust lands is set for Friday, October 1, 2004, in Salt Lake City. The sale will begin at 10:00 a.m. in the Little America Hotel.
There are 16 parcels totaling more than 3,800 acres. These parcels are scattered throughout the state.
The auction includes five 20-acre lots near Fishlake National Forest, with spectacular views of Monroe Peak above and Grass Valley below. These lots have privacy and solitude, cool mountain air, and exceptional recreational opportunities including hunting, fishing, hiking, and site-seeing in the area. Monroe Mountain is famous for its trophy elk herd.
For a free land sale information package, visit the Trust Lands Administration Internet site at www.trustlands.com and follow the LAND AUCTION link on the homepage. Or, call TLA toll-free at 1-877-LAND SALE (1-877-526-3725).
Real estate brokers are welcome, but must pre-register. Financing may be available. The public is invited.
The money raised by this auction goes to the permanent funds of Utah's public schools and other trust beneficiaries. The School and Institutional Trust Lands Administration is an independent state agency which manages 3.5 million acres of Utah trust lands exclusively for the benefit of Utah's schools and other public institutions.
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Volume 8, Issue 19, 2005-10-31
October Land Auction Results
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Results are in for the Trust Lands Administration October 2005, land auction sales. Sixteen parcels of trust land were sold for a total of $2,125,500. More than4500 acres sold at an average selling price of about $460 per acre. The per-acre price range was from $116 to $4,650. Properties were sold in Garfield, Carbon, Piute, Rich, Box Elder, Iron, Beaver, and Washington Counties.
The next auction is planned for Spring 2006. At that time the information may be viewed on the Trust Lands' web site at www.trustlands.com. Click on the Land Auction link on the home page.
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Volume 11, Issue 9, 2008-03-11
Off-the-shelf Multipliers, or What?
How to Manage your Business for Highest Value
By Michael Dean Denning
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Last week we talked about various general rules of thumb pointed at approximating business value. Again, there are many. We mentioned the "asset method," just add up the market value of all your organization's chattel property and you're there. Another method we discussed is the "basic" or "basic value factoring" which very simply adds one year's net cash flow to the current market value of its assets.
Sometimes the basic method uses another version which begins with the current market value of the assets and adds a multiple of the monthly net income based upon the number of months required to start a similar business and bring it to a break even cash flow position.
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Volume 7, Issue 22, 2004-12-13
Offers and Counter Offers
The Ins and Outs of Business
By Voin R Campbell
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Most serious prospective business buyers and sellers understand that there are often multiple counter-offers between the buyer and the seller before agreement is reaches as to price, terms and conditions in the purchase and sale of a business.
Less understood is (due to the need for “due diligence” and other contingencies, such as institutional financing and franchisor approval) is the fact that weeks or perhaps months may pass before actual closing of the sale is completed.
Frequently, the “buyer's satisfaction” is the foundation upon which the buyer actively removes one or more contingencies. When late in the contingency removal process, a buyer yields to the temptation to hold the closing of the sale hostage for re-negotiations of already agreed upon terms, it becomes especially problematic. Likely the contingency for the review of books and records is already complete. The usual result is, the seller who may have agreed to carry some financing, suddenly looses trust and confidence in the buyer and the deal fails with hard feelings on all sides. Then, the buyer is surprised that the seller no longer wants anything to do with the prospective buyer.
Yes, there is a time to counter offer. But, when the “dickering is done”, it time to move on. What is not well understood is the importance of timing. These issues are best handled through an intermediary or broker - partly because of their experience, but also because of their “third-party” distance from the transaction.
I strongly recommend that an experienced, qualified business broker be employed under these circumstances. They can be of tremendous value in understanding the sense of timing and the process that creates critical trust between the buyer and seller in completing a business sale and acquisition.
Editor's Note - Mr. Campbell recently retired from business brokerage. His real estate license dates back to the Wright Brother's era, however his full attention was focused on business “On Going Concern” clients from 1990 to 2004, thus one of the most experienced business brokers in the State of Utah.
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Volume 11, Issue 2, 2008-01-15
OfficeMax Opens Washington Store
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WASHINGTON, Utah - OfficeMax has announced the opening of the company's new store located in the Cotton Mill II Center at 712 W. Telegraph Street
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OfficeMax has introduced a new multi-purpose store layout that is designed to offer customers a better shopping experience and a comprehensive selection of office supplies, furniture, equipment and printing services.
The store offers free WiFi access and in-store print and document services through OfficeMax ImPress. Customers can download and print documents at OfficeMax ImPress, which provides high-tech digital printing and copying, binding, finishing and laminating.
OfficeMax brings a full range of p...
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Volume 8, Issue 6, 2005-03-28
Ogden's Jan Zogmaister Named Utah's 2005 "Small Business Champion" Of the Year
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The state honor was conferred upon her by the Leadership Council of the Utah division of NFIB. Each year, NFIB singles out a small-business owner in all 50 states for special recognition and honors him or her with its prestigious "Small Business Champion" award. This is the second year the national group has awarded small-business owners who go the extra mile for mom-and-pop companies. Last year's winner was Jon Christensen of Salt Lake City.
Zogmaister is owner of National Battery Sales, Inc., an 11-employee firm in Ogden. She will compete with Small Business Champions in 11 western states for a regional award.
"For more than three decades, Jan Zogmaister has been carrying the torch for Utah's Main Street, mom-and-pop firms, and lighting the way for lawmakers to better see the most important group in the state's economy" said Ron Casper, NFIB/Utah state director.
"She was particularly instrumental in making sure the interests of small business were not lost during the massive reorganization undertaken by the state's Department of Workforce Services. But her fine work did not stop there. She has testified as an expert witness on such important small-business issues as health care and the minimum wage. She also helped pass a law that encourages proper disposal of batteries without burdening retailers with excess paperwork and fees."
In addition to receiving a gubernatorial appointment to monitor the Department of Workforce Service's small-business affairs, she also chairs the Department's state youth council. Zogmaister also has been president of the Ogden Executive Association and serves as a board member of the Ogden/Weber Chamber of Commerce, as president of Weber County Homemakers, and as a member of her local PTA.
An NFIB member for 33 years, Zogmaister is a member of the organization's state Leadership Council and chair of its Ogden Area Action Council.
Editor's note: The National Federation of Independent Business (NFIB) claims to be the state and nation's largest small-business advocacy group. A nonprofit, nonpartisan organization founded in 1943, NFIB represents the consensus views of its 600,000 members in Washington and all 50 state capitals. For more information on NFIB/Utah, visit www.NFIB.com/UT.
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Volume 8, Issue 9, 2005-05-09
Oil Company Tightens Un-Checked Strangle-Hold on American Consumers
ChevronTexaco Reports First Quarter Net Income of $2.7 Billion
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SAN RAMON, Calif., April 29 - ChevronTexaco Corp. today reported net income of $2.7 billion for the first quarter 2005, compared with net income of $2.6 billion in the year-ago period. The 2004 quarter included a special-item charge of $55 million related to a litigation matter.
Sales and other operating revenues in the first quarter 2005 were $40 billion, up 22 percent from the same period in 2004, mainly as a result of higher prices for crude oil, natural gas and refined products.
Question: How is this different from a sheer monopoly?
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Volume 12, Issue 35, 2009-11-09
Old Bats
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This "Funny Business" feature for this isssue is a cartoon. Click "read more" to see the cartoon...
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Volume 7, Issue 4, 2004-02-23
Old Shoes
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Byron McLeese and his wife were cleaning out the attic one day when he came across a ticket from the local shoe repair shop. The date stamped on the ticket showed it was over eleven years old. They both laughed and tried to remember which of them might have forgotten to pick up a pair of shoes over a decade ago.
"Do you think the shoes will still be in the shop?" Byron asked.
"Not very likely," his wife said.
"It's worth a try," Byron said, pocketing the ticket. He went downstairs, hopped into the car, and drove to the store.
With a straight face, he handed the ticket to the man behind the counter. With a face just as straight, the man said, "Just a minute. I'...
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Volume 12, Issue 27, 2009-09-07
Older Workers `Showing Up` in Larger Numbers
Designing policies and practices to attract and retain an increasingly age-diverse workforce
By Rob Ence
AARP Utah State Director
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In the wake of today's economic crisis, job fairs frequently draw as many older workers and retirees as high school and college grads. Job seekers of all ages and skill levels have flooded the employment pool with older workers showing up in increasingly larger numbers.
Lack of savings, dwindling 401(k) and nest egg investments, combined with increasing health care costs and day-to-day expenses have prodded some near-retirees to stay on the job. Similar factors have drawn others well into retirement back into the labor market. They're joined by growing numbers of jobless downsizing casualties; many of them mid-life and older workers who aren't old enough to retire. They still have responsibilities, perhaps dependent children, aging parents or other major financial obligations.
Financial turmoil is squeezing everyone regardless of...
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Volume 9, Issue 11, 2006-08-07
Olive Garden Coming to Southern Utah
By Marie Madsen
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ST. GEORGE - Put the rumors to rest. Darden Restaurants has executed an agreement whereby an Olive Garden Restaurant will soon be under construction in St. George. John Griffith, a commercial real estate specialist with NAI Utah Southern Region, was involved in this transaction.“It has taken several years to finally obtain an agreement,” Griffith said, “but soon an Olive Garden Restaurant will be located on the pad site between Target and the new State Bank of Southern Utah building on River Road.”
Darden Restaurants, Inc. is the world's largest casual dining restaurant company, based on market share, sales and number of company-owned and operated resta...
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Volume 12, Issue 28, 2009-09-14
On Being 'Cool'
Thoughts and ideas about how to remain cool and unruffled under ALL circumstances
By Michael Denning
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I am a little bit of a tennis fan. The US Open Tennis tournament concluded recently. I mention that because of the strength of the comparison tennis play has to life and to business, and to my title today. There was one match I enjoyed more than most because of the pure grit displayed by one of the women's singles contestants. I watched in amazement, as the Italian Flavia Pennetta defended 6 match points and went on to win the match against a seasoned Russian player whose name escapes me (the Russian's behavior I will never forget; more on that later).
Back to Pennetta. For those not familiar with the scoring structure of tennis matches, let me just summarize this way. For Pennetta, the whole match hung in the balance 6 points or plays in a row; meaning that any mistake would cost her the whole match. She won each of the six points; each one holding the entire match over her...
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Volume 12, Issue 30, 2009-10-05
On Changing Habits
Better Attitudes in the Workplace
By Dr. Matt Eschler, LMFT
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I have been reading some different books about habits. How do we create habits, can we change or adjust our habitual behavior and so on. I am certain that all of us at one time or another have done something out of habit that we wished we did not do.
I am certain that we have all attempted to change a habit and failed a time or two. The literature states that habits are formed and can be changed. People I talk to fall into two groups. The group that says 1) people never really change and the group that believes 2) we can change. I fall into the people can and often do change camp.
I believe we do change. I believe that in many cases we must change. Change can be difficult, but when we are in enough pain or have determined a healthier purpose, we will change. One of the stories I read illuminated a concept of change that gave me an excellent metaphor for the change process.
A wise grandfather is teaching principals to his young grandson. "Son inside of every person a battle is raging between two wolves. One wolf is evil. It is angry, jealous, unforgiving, proud, and lazy. The other Wolf is good. It is filled with love, kindness, humility, and self control. These two wolves are constantly fighting", the grandfather said.
The little boy thought about it, and said, "Grandfather, which wolf is going to win?" The grandfather smiled at his grandson and said...
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Volume 12, Issue 33, 2009-10-26
On Choosing Accounting Services ...
SCORE offers Small Business Advice
By Byron Theurer
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As you launch or expand a business, keeping track of the money, preparing tax returns and performing other financial tasks can quickly become a burden. If you need more time to do other things, it might make sense to turn over tax, accounting and other financial chores to outside specialists.
Choosing the right type of tax, accounting, bookkeeping or other financial help is an important decision. An outside accountant can be one of your most trusted business advisors and a key to your success. Although many business owners work with big national firms, most prefer to work with small independent firms or solo accounting professionals.
Accounting services differ from bookkeeping services, however. An accounting firm prepares...
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Volume 13, Issue 25, 2010-08-12
On Nursing Mothers' Break
By Michael Patrick O'Brien, Esq.
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The United States Department of Labor (DOL) has issued a new fact sheet explaining the new requirement, under the Fair Labor Standards Act (FLSA), that nonexempt female employees be provided unpaid break time in order to nurse children.
The new fact sheet verifies that the FLSA requirement only applies to non exempt employees, that employers with fewer than 50 employees are exempt if the new provision would impose an...
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Volume 8, Issue 13, 2005-07-18
On Organizing Your Financial Records
By Adrie Roberts, USU Extension
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Recent flooding in Utah has increased awareness of the importance of keeping valuable, hard-to-replace documents in a safe place. Organizing financial records and documents takes time, but the peace of mind that comes from accomplishing this task is invaluable.
Everyone should ask these questions:
1) If the person who handles the finances becomes incapacitated or dies, would the person taking over have easy access to important documents and information?
2) Would the business keep running smoothly during this transition?
3) What frustrations would someone experience if they had to become the accountant or business manager for the business?
Financial experts recommend storing documents in three separate locations: in a safe deposit box at a bank or credit union, in a fireproof safe at home and with an attorney, relative or friend. Consider these tips for organizing your financial records.
A safe deposit box at a bank or credit union is the best place to store hard-to-replace documents. These include automobile titles, birth certificates, death certificates, personal property inventory, property deeds, marriage documents, stock/bond certificates and legal documents. Safe deposit boxes are relatively inexpensive. It is important to note that banks and credit unions can legally “seal” your box upon notification of your death, and it takes a court order to have the box unsealed. Visit with your bank/credit union and your family to ensure that everyone understands how to access the box upon your death or incapacitation.
A fireproof safe or box at home works well for storing canceled checks, recent tax records, insurance policies, a living will, power of attorney, your original will, trust documents, warranties and a list of what you have stored in your safe deposit box. When investing in a fireproof safe, buy one that is large enough to store your important documents, but small enough to move by yourself if you have to evacuate your home. Unfortunately, even a fireproof safe can melt in a very hot fire. However, a safe will withstand fire much better than a shoebox or cardboard box.
The third place to store original documents or copies is with an attorney, relative or friend. Duplicates of these documents should also be stored in your fireproof box at home or in a safe deposit box. The duplicates may be originals or copies. Make a list of what you have stored and where it is located. Indicate whether it is the original or a duplicate.
Another important aspect of organizing financial records is to set up a financial information binder for quick reference to your financial standing. An organized binder will help you manage your financial affairs and will also help the person managing for you if you become temporarily incapacitated or die.
To compile a financial information binder, you'll need a three-ring binder, at least 16 index dividers and clear page protectors. Label the dividers with titles that are important to your business finances. The following can be included: financial goals list, personal directory, professional directory, personal property inventory, financial statements, cash-flow statement, spending plan, bank and brokerage accounts, list of credit cards including toll-free phone numbers, social security benefits statements, location of documents, acquisition and sale of assets, income tax information, paycheck stubs and credit reports.
Be sure to store each document in a page protector under the correct category. The binder will be used often, so it is important to use page protectors to keep the documents clean and in good shape.
In the personal directory section, list each family member and friend who should be notified in the event of a death in your family. Include the executor of your will and the location of your burial plot. Also include the Social Security and military discharge numbers of your immediate family members. These numbers will provide quick reference information if you or your representative need to apply for benefits.
In your professional directory, include your employer and spouse's employer and every professional involved in your affairs, including your physician, dentist, clergy, lawyer, accountant, insurance agent, banker, financial agent, real estate agent, etc. This list, along with your personal directory, will be helpful to your representative in the event of accident or death.
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Volume 7, Issue 17, 2004-09-27
On the Issue of Due Diligence When Buying a Business
The Ins & Outs of Business
By Voin R. Campbell
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The Ins & Outs of Business
When it comes to investing in business opportunities, there are many fundamental differences between a business investment and a real investment. More often than not, an ongoing business not only is not real estate but it does not even own any real estate.
Even if real property is an asset of the business enterprise to be purchased, and even if there is a simultaneous closing on the sale of the business and real property is present in the transaction, the two are very different and must be treated differently.
One of the ways a business is treated differently than real property is the way in which the purchaser of the business sati...
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Volume 8, Issue 6, 2005-03-28
On the National Level - Bankruptcy Filing Changes
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The Senate Judiciary Committee approved the Bankruptcy Abuse Prevention & Consumer Protection Act (S 256), introduced by Sen. Charles Grassley (R-IA). It would make it more difficult for debtors to discharge all debts under Chapter 7 and would apply a means test to require more debtors to file under Chapter 13 which requires a 5-year repayment plan.
It does not include a controversial amendment pushed in the last Congress by Sen. Charles Schumer (D-NY) to prevent abortion protestors from using bankruptcy to avoid court-imposed fines. Schumer said he would propose his amendment during floor debate and “do whatever I can to hold this bill up in any way until that amendment is in the bill.”
House Judiciary Committee chairman James Sensenbrenner (R-WI) introduced a companion bill (HR 685) in the House, which refused to accept legislation with the Schumer amendment last year.
Excerpted from NRHA's “Last Week in Washington
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Volume 8, Issue 5, 2005-03-14
On the National Level - Health Plans
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Bills to allow the creation of association health plans have been introduced in both the House and the Senate. Rep. Sam Johnson (R-TX) introduced the Small Business Health Fairness Act (HR 525) while Sen. Olympia Snowe (R-ME) introduced the companion bill (S 406) in the Senate. The House is expected to pass the legislation. Sen. Mike Enzi (R-WY), the new chairman of the Senate Health, Education, Labor & Pensions Committee, which will markup the bill, said he wants to pass a “compromise bill.” He will face strong opposition from the committee's ranking Democrat, Sen. Edward Kennedy (MA).
Excerpted from NRHA's “Last Week in Washington”
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Volume 7, Issue 22, 2004-12-13
One Free Credit Report Every Year - Now the Law
FACT Act Bolsters Consumer's Position
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Last November 23, the nation's three consumer credit reporting companies -- Equifax, Experian and TransUnion -- jointly announced centralized website credit report request services at annualcreditreport.com.
This site processes requests for a free credit file disclosure and will offer consumers a convenient way to request a credit report in a secure environment. The site is also designed for the exclusive use of consumers requesting their one free credit report every twelve months under the Fair and Accurate Credit Transactions Act (FACT Act).
As established by FACT Act regulations, annualcreditreport.com will become available to U.S. consumers in phases with the first phase commencing on December 1, 2004 for Western U.S. states (Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, New Mexico, Nevada, Oregon, Utah, Washington, and Wyoming).
The remaining U.S. states will be deployed as follows: Mid-Western states - March 1, 2005; Southern states - June 1, 2005; and Eastern states and other U.S. territories completing the rollout on September 1, 2005. A complete map outlining the launch is available at the website.
Annualcreditreport.com allows consumers to request, view and print one, two or all three of their free credit reports in a fast and convenient way via a secure Internet site. These three reporting bureaus recommend that consumers not provide their personal information to any other company or person in connection with requesting free annual credit file disclosures under the FACT Act.
Additionally, the service offers consumers the option of requesting their credit reports by telephone or by mail. Forms to request credit reports by mail can be printed from the site. Telephone and mail requests will be processed within 15 days of receipt.
Contact information is as follows:Internet URL:www.annualcreditreport.com. Toll Free Number: 877-322-8228. Mailing Address is Annual Credit Report Request Service, P. O. Box 105281, Atlanta, GA 30348-5281.
For background in the FACT Act of 2003 go to www.MainstreetBusinessJournal.com issue 22 of 2004 in the “Government and Business” section.
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Volume 13, Issue 17, 2010-05-27
One Light Bulb at a Time
By Paul Cozzens
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A physics teacher in high school once told the students: One grasshopper on the railroad tracks wouldn't slow a train very much, but a billion of them would.
With that thought in mind read the following obviously written by a good American.
I can verify this, because I was in Lowes the other day for some reason and just for the heck of it I was looking at the hose attachments. They were all made in...
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Volume 12, Issue 36, 2009-11-16
One Step Forward...
By Jeff Thredgold, CSP
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The October U.S. employment report was a mix of good news and bad news...mostly bad. However, a number of data points within the report provide more support for the notion that U.S. economic growth has returned, with prospects for reasonable (if not exciting) economic performance during 2010 and 2011.
First of all, the nation's unemployment (jobless) rate usually continues to rise and job losses typically continue to be reported during the first stages of an economic rebound. This was especially true following the conclusion of the two prior recessions-each lasting eight months-during 1990-91 and during much of 2001. No differences this time around the economic cycle.
Employers embraced a...
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Volume 11, Issue 23, 2008-07-02
One Third of Vacationing Managers Dread Backlog
Work piles up at office as they play
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Executives may be happy to get away from the office, but a third of them dread the pileup of work that awaits their return.
That's according to a national survey of advertising and marketing executives by The Creative Group, a staffing agency specializing in those fields.
Another 10 percent of those surveyed say they avoid the work backup by not taking vacations. And 4 percent say they take vacations, but feel guilty that others have to cover for them while they are out.
On the other hand, 50 percent of respondents say...
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Volume 13, Issue 8, 2010-03-11
Only Days to Mini Indy!
Mini Indy Racers return this Spring to celebrate ten years of Mini Indy οΏ½οΏ½
By Marissa Snow
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ST. GEORGE, UTAH - On Saturday, March 13, companies and go-cart race aficionados across the world will gather to race at the Dixie State College encampment mall in St. George, Utah.
These 30 teams will race to raise money for charity– specifically United Way and the SkyWest Scholarship Fund. Consisting of golf, banquets and adults racing go-carts in adrenaline-pumping competition, the Mini Indy has raised more than one million dollars for charity since its inception in 2000. This year alone, the event is expected to raise nearly...
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Volume 7, Issue 4, 2004-02-23
Open for Business!
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The story is told that when Bruce Jenkins first opened his law firm he stopped by to survey the progress on his new office. Of course, he'd rented a beautiful space and had it furnished with antiques.
Sitting there, he saw a man come into the outer office. Wishing to appear busy, Bruce picked up the phone and started to pretend he had a big deal working. He threw huge figures around and made giant commitments.
Finally, he hung up and asked the visitor, "Can I help you?" The man said, "Sure. I've come to install the phone!"
...
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Volume 11, Issue 13, 2008-04-15
Open House Rescheduled
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ST. GEORGE - United Rentals has rescheduled the company’s open house for June 19th. United Rentals is located at 4487 S River Rd. For more information, contact Mark at 435-215-8095.
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Volume 11, Issue 12, 2008-04-08
Open House Scheduled
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ST. GEORGE - United Rentals will hold an open house Thursday, April 10 beginning at 11 a.m. United Rentals is located at 4487 S, River Rd. For more information, contact Mark at 435-215-8095.
...
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Volume 12, Issue 8, 2009-03-09
Open House Scheduled
By Michael Dinsmore
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Open House Scheduled
SGI Celebrates 10 Year Anniversary
By Michael Dinsmore
Open House Scheduled For ...
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Volume 10, Issue 39, 2007-12-11
Opposition Grows Against Nevada Plant
Company wants to see coal-fired power in Mesquite area
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ST. GEORGE - Opposition is mounting against a private company's plan to build a massive coal-fired power plant on 200 acres of federal land about 12 miles northwest of Mesquite, Nev., the Deseret Morning News reports.
The proposed $1.2 billion Toquop Energy Project would generate 750 megawatts of electricity, enough to provide power to 75,000 homes in the Las Vegas and Phoenix area, according to the permit application filed by Sithe Global Power.
The company's original plan to build a natural gas-fired power plant changed to coal when gas prices escalated. A new environmental impact statement is now required, according to the Bureau of Land Management in Nevada....
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Volume 9, Issue 13, 2006-10-02
Optimism High Among Utah Business Executives
Indicates Utah Businesses are healthy
Zions Bank & Dan Jones & Associa
Quarterly Economic Forecast,
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SALT LAKE CITY - The majority of executives in Utah are optimistic about the financial future and predict their company's health will improve in the next quarter, according to Zions Bank's Utah Quarterly Economic Forecast, conducted by independent research firm Dan Jones & Associates.
The all-new Utah Quarterly Economic Forecast tracks trends in the local marketplace and gauges the health of Utah's economy from the perspective of CEOs throughout the state.
Earlier this year, 1,169 business executives were recruited to form the study panel and to respond to an online survey July 12 through 21, 2006. The panelists rated their level of optimism about the financial ...
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Volume 10, Issue 17, 2007-06-18
Orange Peel Bubble Teas Adds Location
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ST. GEORGE - Orange Peel Bubble Teas & Smoothies has opened a second location at Fabulous Freddy's, 806 N. Bluff. The original location continues to operate at 42 So River Rd. Suite # 13, in the TJ Maxx shopping center.
Owner Derek Graf said bubble tea is a caffeine-free herbal green tea smoothie, infused with a choice of flavors, and served with or without tapioca pearls.
Bubble tea originated in Eastern Asia in the 1980's. The Boba pearls are made of tapioca starch, which comes from the cassava plant, native to the jungles of South America, and are made fresh every day. ...
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Volume 10, Issue 18, 2007-06-25
Org Charts Worth the Effort for Small Business
Agenda Item
By M. Charles Ek, MPA
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Of all the tools used in operating an effective company, I have found the organizational chart to be the most recognized, and yet the most ignored.
One client I worked with had over two hundred employees across ten companies.
Yet, on the morning I first arrived, I found him hurriedly drawing his first-ever organization chart on the back of a cafΓ© placemat.
Another client, with as many employees, but all under one company, had several versions of elaborate organizational charts - none of which reflected what was actually happening or needed in the organization.
The truth is, many small business owners either don't have an org chart o...
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Volume 7, Issue 6, 2004-03-29
Orgill Breaks Ground on New Hurricane Distribution Center
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Hurricane, Utah - Orgill Inc., the nation's largest independent distributor of home improvement products, will be holding an official groundbreaking ceremony to mark the beginning of construction on its new Hurricane, Utah distribution center.
The groundbreaking ceremony will be held at 11 a.m. on Wednesday, March 24, at the site of the new facility (135 N. Old Highway 91, Hurricane, Utah).
The day's events will begin with an address from Hurricane's Mayor Tom Hirschi, who will be followed by Orgill Inc. Chairman Joseph Orgill III and Mark Mummert, vice president of ARCO Design Build, who will be supervising the construction of the new facility. Jeff Gochnou...
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Volume 7, Issue 2, 2004-01-26
Orgill Inc. Selects Hurricane Site For Western Distribution Center
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GERMANTOWN, TENN. - Orgill Inc., the nation's largest independent distributor of home improvement products, has selected Hurricane, Utah, as the site for its new Western Distribution Center.
The site, which is located in Washington County, near the St. George, Utah, area in the southwestern portion of the state, proved to be the ideal location for Orgill's planned distribution center
“The site's logistics and location were perfect for us because we will be able to service customers in the western U.S., east to the Rocky Mountain States”, said Bill Fondren, President of Orgill, Inc. Mr. Fondren also cited the business friendly environment in the s...
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Volume 8, Issue 5, 2005-03-14
Orgill Plans Grand Opening
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Hurricane, Utah - Orgill Inc., the nation's largest independent distributor of home improvement products, will be holding an official ribbon cutting ceremony to mark the opening of its new Hurricane, Utah distribution center.
The ribbon cutting ceremony will begin at 10 AM on Wednesday, 23 March 2005 at the truck entrance gates to their new plant.
Commemorating the event will be speakers from the Orgill organization; Mr. Orgill will speak first followed by Mr. Fondren and Mr. Beal. Thereafter, participants will be addressed by Hurricane's Mayor Tom Hirschi. At press time plans call for Governor Huntsman to speak, however the Governor's office has yet to mak...
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Volume 11, Issue 28, 2008-08-06
Orthodontist Opens Cedar City Practice
Trades Arizona commute for local office
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CEDAR CITY - Orthodontist Kirk Anderton has opened a practice in Cedar City at 1751 Royal Hunte Drive, next door to Del Taco.
Anderton had been practicing in Chandler, Ariz., commuting weekly from his New Harmony home.
He holds a bachelor's degree in zoology from Brigham Young University, and graduated from the University of Nebraska Medical Center College of Dentistry in 1987. He competed orthodontic studies at West Virginia University.
Anderton's practice is dedicated to orthodontics and dental facial abnormalities.
He likes for patients to have fun during their visits, so...
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Volume 10, Issue 35, 2007-11-02
OSHA Trumps State Workplace Gun Laws
Utah SHRM Legal Director
By Michael Patrick O'Brien, Esq.,
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A federal court judge in Oklahoma has ruled that the general duty clause of the Occupational Safety and Health Act, which requires employees to create safe workplaces, trumps state laws requiring employers to allow employees to carry weapons in the workplace.
The lawsuit arose when the Oklahoma state legislature passed a bill in 2004 providing that employers could not ban weapons in locked employee vehicles parked on employer premises. A group of employers sued to overturn the law.
One of the arguments made by the employers was that the state law interfered with their ability to assure a safe workplace, i.e. some employers concluding that a workplace without we...
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Volume 12, Issue 37, 2009-11-23
Our Antiquated Food Safety System ...
Senate HELP Committee Unanimously Approves Hatch-Sponsored FDA Food Safety Modernization Act
By Heather Barney
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WASHINGTON - Sen. Orrin Hatch, R-Utah, today lauded the Senate Health, Education, Labor and Pensions (HELP) Committee's unanimous approval of the FDA Food Safety Modernization Act.
Hatch, a senior member of the HELP Committee and a co-sponsor of the bill (S. 510), said the bipartisan legislation is sorely needed in today's global economy.
"With past recalls on spinach, pepper, and peanuts, there appears to be an increase in the frequency of food borne outbreaks," said Hatch. "Therefore, in my opinion, it is evident that our current laws and regulations governing our food safety system are antiquated and should be...
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Volume 7, Issue 11, 2004-06-14
OUR CONSTITUTION
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Radical?
As you walk up the steps to the building which houses the U.S. Supreme Court you can see near the top of the building a row of the world's law givers and each one is facing one in the middle who is facing forward with a full frontal view - it is Moses and he is holding the Ten Commandments!
As you enter the Supreme Court courtroom, the two huge oak doors have the Ten Commandments engraved on each lower portion of each door.
As you sit inside the courtroom, you can see the wall - right above where the Supreme Court judges sit - a display of the Ten Commandments!
There are Bible verses etched in stone all over the Federal Buildings and Monument...
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Volume 13, Issue 1, 2010-01-12
Our Social Security?
Author Unknown
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Just in case some of you young whippersnappers (& some older ones) didn't know this. It's easy to check out, if you don't believe it. Be sure and show it to your kids. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican. Facts are Facts!!!
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:
1. That participation in the Program would be completely...
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Volume 8, Issue 22, 2005-12-19
Outlook 2006
By Jeff Thredgold, Thredgold Eco
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The American Economysolid growth continues
Quarterly U.S. economic growth has been at a 3.0% or higher real (after inflation) annual rate during each of the past 10 quarters, an occurrence not seen in 20 years. Estimates for 2006 suggest real annualized growth near 3.0% to 3.5%, versus perhaps 3.7% in 2005 and 4.2% in 2004. The economy's ability to offset the headwinds of rising short-term interest rates and high energy prices has been impressive.
The Federal Budgetgreater challenges later
Solid U.S. economic growth and sharply higher tax receipts reduced the budget deficit for fiscal year (FY) 2005, which ended last September 30, to $318 billion, a major improvem...
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Volume 11, Issue 45, 2008-12-10
Outlook 2009
Will Recession Continue?
Jeff Thredgold
Economic Consultant to Zions Bank
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Domestic and global financial sector paranoia has contributed to major weakness within the U.S. economy. Enormous investment and lending losses have sharply curtailed the availability of credit.
Such financial sector weakness has led to creative and extremely costly government proposals to stabilize financial markets. These factors, combined with prior excesses in new home construction and existing home price appreciation, led to the current period of recession.
The official "scorekeeper" of the U.S. economy, the National Bureau of Economic Research, had remained silent in regard to recession...until this week. They ...
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Volume 12, Issue 39, 2009-12-07
Outlook 2010
By Jeff Thredgold, CSP
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The U.S. Economy
…growth has returned
The American economy finally returned to “growth mode” during 2009’s second half, fueled in part by extremely aggressive fiscal and monetary stimulus. Pent-up demand by consumers, combined with stronger global performance, also added to growth numbers. A return to positive U.S. economic growth does not imply that problems with commercial real estate, housing, and emotional financial markets are finally behind us, but it...
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Volume 12, Issue 4, 2009-02-02
Outlook for the Coming Real Estate Year
Going Forward in Washington County
By Allan Carter
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Two events I always look forward to at the beginning of each new year are the annual economic summit, just held, in which business and professional people meet, ply their trades, re-establish their relationships, and move forward into the unknown; and the second event, less heralded, is when our firm summarizes the year going forward as it pertains to real estate and land development activity.
The MainStreet Journal has asked me to comment on that report. Over the years I have developed relationships with counterpart statistician gurus, those of us who collect and analyze data of our respective counties. I am blessed with...
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Volume 13, Issue 24, 2010-08-05
Outrageous Litigation & Settlements
By Michael Patrick O'Brien, Esq.
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There has been some interesting recent news about employment law litigation and settlements.
First, a national package delivery company recently agreed to...
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Volume 13, Issue 12, 2010-04-22
Outsourcing for Your Business?
Companies of all sizes can benefit from sending certain job functions outside ...
By Byron Theurer
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In a small business, unfortunately, you can’t do everything yourself and still plan to grow. If you’re not in a position to hire employees to share the work, chances are that sooner or later you’ll consider ...
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Volume 7, Issue 10, 2004-05-24
Outstanding Performance in an Emergency Pediatric Incident
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On Monday, May 17, the Utah Department of Health and Emergency Medical Services professionals from across Utah met to recognize their colleagues' outstanding and courageous efforts.
During the event, an award for Γ’β¬ΛEMSC Pediatric Incident of the Year” was presented jointly to Iron County Ambulance Service, Dispatcher Barbara Hirschi, EMTs Sonia Holt, Peter Davison, Bob Bang, Sue Bang, and Paramedic Mary Ann Rhodes.
February 5th, 2004 will be remembered as the date of the "Pediatric Incident of the Year" for first responders in Iron County. "9-1-1, what is your emergency?" started a sequence of events that was far from "routine" among rural EMS calls. "My wife is in labor and going to have a baby - I need an ambulance. She is full term and we recently moved here, I need help".
Dispatcher, Barbara Hirschi immediately gathered all the information needed to page out the Beryl ambulance staffed by EMT-Intermediates Bob and Sue Bang, and EMT-Basic Sonia Holt and Peter Davison. Paramedic Mary Ann Rhodes was also paged out to rendezvous with the ambulance.
The call originated from an address in Beryl, 45 miles from the closest hospital, Valley View Medical Center, in Cedar City. The time was 3:06 a.m., snow was falling, and the roads were dangerously slick.
On arrival at the scene, EMTs found a 21year old female in active labor. The patient was placed in the ambulance, and the long, eventful ride begun to Cedar City.
A rendezvous with paramedic Mary Ann Rhodes occurred at the Beryl Junction, still nearly 40 miles from the hospital. It was at this time that the imminent delivery was also discovered to be a complicated one. During a quick check Mary Ann described something she had not seen in an ambulance before - the patient's water broke, followed by the presentation of a foot.
Mary Ann and her skilled crew prepared mom for the imminent childbirth. The crew immediately contacted Valley View Medical Center, using the ambulance cell phone, alerting the emergency room of their situation. At the same time, Mary Ann contacted Dr. Steven Fielding, OB-GYN, using the medic phone. Responding appropriately to directions from Dr. Fielding and the emergency room, lifesaving care was provided to the mother and baby enroute to the hospital. Clearly the critical situation might have resulted in the loss of life to both if EMS responders had not been efficient in their assessment and performance.
When the ambulance finally arrived at the emergency room at 4:49 a.m. (nearly 1 hour and 45 minutes after the call came in), all the necessary hospital staff was waiting and ready to respond. They were greeted by a baby who was delivered to the umbilicus, with pressure being held off the umbilical cord, wrapped three times around the chest and abdomen, and one of the infant's arms.
Speaking of the incident, Dr. Fielding stated, "Our community is fortunate to have such highly trained, professional paramedics as well as EMTs as first responders. Because of the expert care en route to the emergency room, a healthy baby was born."
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Volume 7, Issue 10, 2004-05-24
Over 185 Soccer Teams to Converge on Cedar City for Utah Summer Games Tournament
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For the last several years, soccer has been the largest sport, hands down, in the Utah Summer Games. Each year, over 2,500 athletes and their families converge on Cedar City for what is believed to be the largest soccer tournament in the state, and this year will be no exception.
“We're very pleased with this year's registrations,” commented Kyle Case, Utah Summer Games Director. “It seems like if soccer goes big everything else seems to follow.”
This year, over 185 teams will compete for the gold, silver or bronze in their respective age brackets and skill levels.
Bob Tate, Cedar City Parks & Recreation Director, expressed enthusiasm about the addition of new soccer fields to be introduced in the tournament this year. “We're very excited about this multiuse area. We've added two new softball fields on one end and we'll be able to use the area for four soccer fields.”
In the fall of 2002, Cedar City Parks and Recreation, under the direction of Tate planted grass on over 14 acres, creating the Bicentennial Soccer Complex. This will be the first year that the fields will be ready for use.
“We would have liked to have used these fields last year, but the grass just wasn't ready,” added Tate.
This soccer tournament will be largest in recent memory.
“Every year, we talk to so many people that come and participate in the Utah Summer Games Soccer Tournament,” said Case. “People tell us all the time what a great experience it was and how they look forward to it every year. For many teams it has become a tradition.”
Teams are divided into flights according to age and skill level, making it a great tournament for beginner and expert alike.
The Utah Summer Games is celebrating its 19th year with over 40 sports to choose from including Fencing, Track and Field and, of course, Soccer.
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Volume 8, Issue 20, 2005-11-14
Over 60 Professionals Present Jobs Information at DSC Career Day
By Chris Taylor
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ST. GEORGE, UT - Daytime classes on Tuesday, Nov. 15, have been cancelled at Dixie State College, but the campus will be abuzz nonetheless between 9 a.m. and 12:30 p.m.
Students from approximately 25 Utah, Nevada, and Arizona high schools, as well as DSC students, will attend over 70 career workshops scheduled from 9:30 a.m. to 12:30 p.m. on campus. The event, a DSC staple for 28 years now, helps provide students with valuable information related to their career choices.
"Career Day is intended to help students make informed career choices,” said DSC Career Planning and Placement Center Director Kathy Kinney. “It offers group career counseling in a way that...
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Volume 6, Issue 21, 2003-11-24
Overtime Exemption Changes At Risk
By Michael Patrick OΓ’β¬β’Brie
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The United States Senate recently dealt a serious blow to the possibility of reform to the overtime exemption regulations of the Fair Labor Standards Act (FLSA). In March of 2003, the Department of Labor (DOL) proposed the first serious revisions to the white collar exemptions in half a century.
The proposed regulations would raise the income threshold for exemptions and simplify many of the job duty tests that apply to them. Since the time these new regulations were first proposed, unions and businesses have hotly debated whether they would increase or decrease the number of workers eligible for overtime.
Spurred by an effective campaign led by the unions, legislators ...
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